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Managing Finance in a Digital World Questions 101–105 (page: 22)

Updated On: 10-Feb-2026

DRAG DROP (Drag & Drop is not supported)

Place the following categories typically found in a 'person specification' next to each job holder's requirements.

  1. See Explanation section for answer.

Answer(s): A

Explanation:



Which TWO of the following key business areas can a standard cost record assist with?

  1. Pricing decisions
  2. Break-even analysis
  3. Inventory level
  4. Receivables collection

Answer(s): A,B



Which of the following is NOT a component of the working capital cycle?

  1. The average time that raw materials remain in inventory
  2. The time taken to produce the goods
  3. The time taken by customers to pay for the goods
  4. The time taken by the bank to approve lending

Answer(s): D



P is employed by an organisation which pays well for work done to a high standard. P is fortunate in that he really enjoys his work, takes great pride in the presentation of his deliverables and always seeks ways to improve his approach and output. Which reward classification is described above?

  1. Intrinsic reward
  2. Economic reward
  3. Social relationship
  4. Financial reward

Answer(s): A



It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?

Select ALL that apply.

  1. The consequences of the action
  2. The motivation for the action
  3. The key values associated with the action
  4. The legality of the action
  5. The organisational policy
  6. The government policy

Answer(s): A,B,C



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